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  • Product: Digita Accounts Production Advanced

Record a fair value adjustment on investment property through profit and loss account in Accounts Production Advanced

Under FRS 102, the fair value adjustment on investment assets is recorded in the profit and loss account. To record this you will need to post to code 418.00. If you do not have this code on your nominal code list, then you'll need to create a new code and assign it to the Fair value adjustment category before you can post a value.
  1. Select
    Financial period
    ,
    Configuration
    , then
    Accounts
    .
  2. Select
    New
    .
  3. In the Edit Account dialog, enter code
    418.00
     and enter
    Fair value adjustment on investment
     in both
    Name
     and
    External name
     fields.
  4. Select
    OK,
     then
    OK
     again.
  5. Select the
    Import/Account Assignment
     tab, then
    Account Assignment (Master) Maintenance
    .
  6. Select
    Display
     and mark the
    Display Category Code
     and
    Collapse
     checkboxes.
  7. Expand the
    Balance
     category as follows:
    Profit
    , then
    PBT
    , then
    P 8
    , and
    P 8 3
    .
  8. Drag and drop the 418.00 code to the
    P 8 3 - Gain/loss on financial assets
     folder.
  9. Select
    Apply
    .
  10. Select
    iXBRL detailed P&L account format 1
     from the
    Category Structure
     dropdown list.
  11. Expand the
    iXBRL DPL profit for the period
    ,
    iXBRL DPL profit on ordinary activities before tax
    , then
    iXBRL DPL profit on ordinary activities before finance charges and interest
     folders.
  12. Click and drag the code 418.00 to the folder
    iXBRL DPL F2 gain(loss) from fair value adjustment, investment property recognised in profit or loss - iXBRL DPL F2 gain
    .
  13. Select
    OK
    .
You should now be able to post the profit and loss side of the fair value adjustment for investments in a journal with code 418.00.